Start and Run Your Online Business from Home

Running a business from home means being able to enjoy financial independence, flexible working hours, work-life balance, and low upfront investment cost. Further, a home business will greatly reduce your expenses on commuting, renting, furniture, office landline, and other office-space equipment.

In short, it’s something that everyone should aspire to – and thanks to the web, it’s something that everyone can aspire to.

Think you don’t have the skills or the inclination to start your own online business or your own business from home? Perhaps you haven’t considered just what a broad range of options is available.

Here, we have rolled down some of our ideas to successfully operate your online business at home.

A) Buy and Resell Wholesale Products

This is one of the oldest and most straightforward business models around. Simply buy products you’d like to sell for a reduced price and then sell them on for more money.

How do you get the products for a reduced price? Normally this will mean buying ‘wholesale’ products which means that you are buying the items in bulk at a discounted rate from wholesale suppliers. As you buy in bulk the company you are buying from benefits here because they get a guaranteed ‘large’ sale and that’s why they will be ready to offer you the more discount rates.

Additionally, you will need to make a small upfront investment and it may be a while before you breakeven. But that initial investment really does only need to be small – you can always opt to invest more money once the earnings start rolling in and this is then how you’ll grow.

eBay is one of the best online marketplaces with a vast global market. This expansive marketplace gives you access to over 168M+ active buyers worldwide who together generate $95 billion in annual gross market value. With more than 190+ markets around the world, you’ll have plenty of opportunities to grow.

Examples of amazing e-commerce stores that sell beauty products to customers include RAD Soaps, Fig And Yarrow, Morphe Brushes, Badass Beard Care, Good Fortune Soap, and more.

B) Sell Your Creations

The only problem with buying and selling is that buying products eats into your profit margins. Create your own products to sell online and your only investment will be for the materials.

This is a great business model if you have some kind of creative skills for making crafts, writing books, making jewels, designing clothes, etc. Online platforms offer a pool of opportunities to sell your creatives like paintings, clothing, makeup products, candles, bakery items, soaps, jewelry, and other handmade products.

For instance, Rebecca Lee Funk launched The Outrage, a women’s rights activist apparel brand that sells t-shirts printed with her own creative designs. The business donates a portion of profits to Planned Parenthood in Donald Trump’s name. Her launch campaign went viral, and the outrage turned into a thriving e-commerce business.

Sell Your Creations

With the help of this business model, you can easily turn your hobby into an active income-generating business and your home into your business headquarters.

C) Monetize Your Expertise

Offering a service is another very simple and straightforward business model. In fact, this is the business model that ColorWhistle uses! We simply advertise to potential clients offering web design, logo design, CMS migration, and a range of other services and then charge for that service.

There are countless services you can offer online, which include:

    • Writing
    • Advertising
    • Music composition (this is in demand for YouTube videos and advertising)
    • Video editing
    • Coding
    • Proofreading
    • Consultation

For instance, online learning practice is booming among the learning aspirants. A majority of learners prefer virtual learning experience nowadays. If you are an expert in any subject matter, then begin educating your audience by creating online courses.

Effective online education courses will generate more profit to your home business. If you are not aware of the process of creating and selling online courses, check out our blog on how to create and sell online education courses to learn more.

And of course, you can also offer services that aren’t ‘online’. If you know how to cut hair, this is a great service to offer. Likewise, if you cut down trees, mow lawns, teach piano or provide personal training, you can start offering these services too.

For instance, Chris Carey, one of the founders of MAPerformance, started his automotive parts and services business from the comfort of home. He started his business journey by teaching car maintenance and repair tips to online users in forums. After promoting his expertise, people started heading over to his e-commerce site to buy parts.

Monetize Your Expertise

Suppose, if you are an expert in designing websites, then you can promote your skills by offering web design solutions. Implement a lot of creativity in your web designs and make it appealing to your clients and site visitors. By this way, you can begin monetizing your expertise from home.

D) Begin Dropshipping

Dropshipping involves becoming a distributor of a third party’s products to reduce the upfront cost of inventories and overheads. A flexible environment with a hassle-free internet connection will be sufficient to run a dropshipping business.

Dropshipping is one of the best home-based business models that allows you to sell your products to third-party buyers. When you find it challenging to find potent customers for your business, dropshipping would be the right choice.

For instance, Justin Wong who started his dropshipping business with an Oberlo account and Shopify store SoAesthetic. As he had only a limited budget for investments, he advertised his dropshipped products on Instagram which resulted in driving 100+ business partners and thousands of active buyers. Within one month, he was able to earn $12,000. To learn more, click here.

Here is another dropshipping marketer, Irwin Dominguez created a Shopify account and added a few dropshipped products with Oberlo. Within just 8 months of starting his dropshipping business, Irwin was able to earn $1,000,000 in sales. To learn more about this, click here.

As you run your business home, it seems highly challenging to grasp the attention of prospective customers. Third-party suppliers will assist you and take care of marketing your products to the right audience.

All you have to do is find a dedicated third-party supplier and sell all your products to him/her for the best-in-class price. With the help of dedicated third-party buyers, you can actively earn profits for your home business instantly.

E) Get your Website Up and Running

Running a website or blog can actually be a business in itself. How? By monetizing it through adverts, through digital products that you sell or through sponsorship deals.

Here, the idea is that you build up a following and become an expert or ‘authority’ in your niche. From there, you can then start attracting a large number of readers on a regular basis and you can then monetize those readers by using your influence to help sell products and services.

Andrew Finn co-founder of Wait But Why, a blog-turned-business. After attracting more than 371,000+ subscribers, they created digital content products tailored to an already loyal audience. This made Wait Buy Why as a full-blown e-commerce site with digital and physical goods for sale.

Get your Website Up and Running

Also, you can use a website to try your hand at affiliate marketing. Here you sell a product that isn’t your own and earn money via commission. Even if you don’t know the basics of running a business, there’s something here for you. You can just find clients and introduce them to service providers!

All you need is a website with some advertising so that people can find you and then you can begin growing a list of clients. With a strong web presence and by implementing smart digital marketing techniques, you can stay active before your prospects, convert more leads, obtain maximum exposure for your home business globally.

Key Takeaways

There are plenty of business models for you to start earning money either as your primary source of income or to generate a little on the side from home. Based on your skills and interests, you can choose any model and become an active pro in your home business.

We hope that you would have chosen the right model to start your home business journey. If you need any assistance to make an online presence, reach our team at any time through message or call +1 (919) 234-5140. We are happy to help you.

Sankarnarayan. R
About the Author - Sankarnarayan. R

The founder and mastermind behind ColorWhistle is Sankarnarayan, a professional with over fourteen years of experience and a passion for website design services and digital marketing services. At ColorWhistle, our team has a wide range of skills and expertise and we always put our clients’ satisfaction first. This is what sets us apart from the competition – an eye for detail and the best website development services from the start to the completion of your project.

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